Varchild2008 (85.54)

11,000: See? I told you so!!

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See?? I TOLD YOU SO!!!!!! DOW 11,000 is going to be achieved and it wasn't just Varchild2008 that made the prediction that:

A: The Saints will win the Super Bowl

and

B: DOW will reach 11,000 by year end..

Now here's why DOW is up 200+ points...

It is simple..... All of the negativity that pushed the DOW below 10,000 was completely unhindged from reality in terms of 4th Quarter 2009 earnings!!! Vast majority of stocks....In fact every single sector (but perhaps not subsector) has seen an earnings GROWTH in Q4 2009.

So.......oooooo.......Face the facts!! Even I was far too bearish at the beginning of the year....

The DOW going up to 10,700 wasn't unhindged from reality.... It was the DOW pull back to 9800 that was completely wrong!!!

The safer less riskier direction in this market is still UP. The greater risk is DOWN!

(KO)(CAT)(INTL)(AAPL)(ERTS)(MCD)

All produced an EPS beat!

Oh and anyone that *buys* the ERTS doom and gloom on forward earnings or this laughable "We do not have a blockbuster title in the near future" business....

DO NOT BUY that ERTS EARNINGS are anything but super bullish!

I value ERTS going forward just as highly if not even more so than ATVI.

Consider the following:

A: The Sims 3 expansion packs are coming!!B: Bioware's Mass Effect 2 shipped over 2 million copies after the 1st month!C: Dragon Age Origins expansion pack coming soon!!!D: NFL strike/walk out may destroy plans for a John Madden Football Game this year... This isn't a bad thing as it will mean 2 years of production time instead of 1 to put out a blockbuster football game. (this is PURE guess making speculation on my part).

E: Playfish will be a growth story this year and next...F: Sequal to DEAD SPACE (again speculation) Apologize for not being 100% sure if this is an ERTS title... but a sequal to DEAD SPACE should valued nearly as highly as BIOSHOCK 2.

This market reminds me of a Stanislaw Lem novel where everything seemed great as long as you continued to take your daily prescribed hallucenogenic meds. If the reality of the global economic situation ever sets in, who know what lows we'd see.

With the "Fake Crisis" that was the Sovereign Debt crisis already behind us.... we have earnings ahead of us....

There's no denying that we have seen overwhelming earnings beats versus meets to misses. In any situation where the supposed CRISIS of the day is no longer a CRISIS anymore.... Investors go back to placing bets based on Earnings!!

That means.....................DOW 11,000 BACK TO REALITY!!

Investors continue to confuse things here...

A bad employment situation does not mean a bad profit/earnings/revenue picture for American Companys.

The HONDA + TOYOTA recall situations are acting as pin-action for the Automotive Sector.....

And we have (CAT) now given an overweight rating today.... There's your industrial/construction....

Pick a sector??? (KO) Crushed earnings expectations nicely...

Pick a sector??? Biotech is killing it...doing real well as long as your name isn't PFIZER...

Pick sector??? seriously???? don't believe in DOW 11,000 means you think all of these earnings releases do not mean anything...

Well.... THEY DO.... and now without your precious SOVEREIGN DEBT CRISIS to whine.. and cry...about.... Market is back to heading UP not DOWN.

Whether you like or dislike our Federal Gov't and Bear in Chief Barack Obama or not.. is irrelevant... Private Sector does not revolve around Washington D.C.

My Thesis that America's Economy can recover INSPITE of OBAMA is happening still!